THE ARCADE @ COLLYER QUAY | 99 YR | TOP 1981 | D01
FOR SALES AND RENTAL
- Address: 11 Collier Quay Singapore 049317
- Year of Completion: 1981
- Tenure: 99 Yrs from 1980 / 999 Yrs
- Owner: City Development
- Nearest MRT Station: Raffles Place
- Typical Floor Plate: Approx. 8,027 sqft
- Typical Ceiling Height: 2.70m
- Air-con System: Central, VAV System
- Cable Management: Cement screed flooring
- Car Parking: 51
Located in the financial heart of Singapore’s Collyer Quay, Raffles Place, is the 20-storey The Arcade – an office-cum-retail complex offering three levels of retail space, and an excellent sea-view to its office tenants. Built in the immediate vicinity of a number of bus-stops and taxi-stands, The Arcade includes independent lift lobbies for both offices and retail shops. Visitors and tenants to the complex feel warmly welcomed at the elegant office lobby of the building.
The Arcade sits on a prime site in the Central Business District of approximately 21,909 sq ft and has a 999-year leasehold tenure. Under the 2008 Master Plan, the subject site is zoned for “Commercial” use with an allowable plot ratio of 13.86 and a building height of up to 50 storeys.
Completed in Year 1981, The Arcade comprises 3 levels of retail units, 16 levels of office space and a basement car park with 51 lots. The maximum allowable gross floor area is approximately 303,657 sq ft and the total existing strata area is some 157,325 sq ft.
Ms Tang Wei Leng (邓慧玲) , Executive Director of Investment Services at Colliers International, says, “The Arcade is a prominent 999-year leasehold strata-titled retail-cum-office development situated right in the heart of Raffles Place. This is a great and rare investment opportunity for both local and foreign investors, given the scarcity of strata-titled mixed developments that are made available for sale.”
There is huge re-development potential for the site, as the existing plot ratio has not been fully maximised.
Ms Tang continues, “We would envisage a mixed-used development comprising four levels of retail shops, including a basement level that could have a possibility of direct access to Raffles Place MRT station. Car parking facilities would be from level 4-6 and offices/serviced apartments would be from Level 7 onwards.”
She adds, “We expect good demand for both the retail and office units, if they are made available on a strata basis. Based on office transactions at Eon Shenton, Oxley Tower, Samsung Hub and SBF Centre, office space at the new development is expected to be priced at above S$3,500 per sq ft, while retail space at above S$12,000 per sq ft. In fact, current asking prices for the retail units at The Arcade are already close to S$10,000 per sq ft, with the highest retail unit transaction recorded at S$7,263 per sq ft in January 2011.”
A familiar place for many people working in the Central Business District, The Arcade enjoys dual frontage onto Raffles Place and Collyer Quay, occupying a strategic position connecting the Raffles Place financial district to the New Downtown areas in Marina Bay.
Historically, the site was occupied by The Alkaff Arcade, which was previously hailed as Singapore’s best known waterfront landmark. It was the first building to break the low skyline of the Collyer Quay waterfront amid the old go-downs then. Now situated directly above Raffles Place MRT station, it has since evolved into a place bustling with heavy human traffic and activities, with the retail shops providing amenities and services to the working community in Raffles Place.
Other landmark commercial developments in the vicinity include Clifford Centre, Ocean Financial Centre, Chevron House and Singapore Land Tower, among others.
A bustling and vibrant network of food and beverage shops, eateries, cafes, retail shops, restaurants and other service stores are peppered within the building and its proximity. The Arcade is also in the neighborhood of several reputable hotels, banks and other financial institutions.
The Arcade is a Shopping Malls located in Raffles Place. A number of AXS Stations, Bakery and others 171 business. It has a large number of money changers that offer good rates.
The nearest Mrt station is Raffles Place MRT Station which is approximately 0.05 KM away. Other nearby Mrt stations includes Downtown and Telok Ayer Mrt stations.
There are also several bus services available here such as the bus stop at Clifford Pier, the one at Fullerton Square and the one at The Sail. Major expressways like CTE, AYE and ECP allows you to get to many places conveniently. Driving to Singapore’s Central Business District/ Marina Bay district will take you under ten minutes. It is located in the financial hub and is seamlessly connected to the rest of Singapore.
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